Dana Sanchez, 5:03 pm
Tailings reprocessing is gaining investment in South Africa for economic and environmental reasons. De Beers figured out a way to extract 815,036 carats of diamonds from 6 million tons of tailings — mine processing leftovers — around Kimberley in 2013. There’s enough left to continue operations beyond 2030. Entrepreneurs are finding similar opportunities with overlooked gold dust and rare Earth metals.
Dana Sanchez, 11:38 am
Occupancy at the Victoria Island hotel and casino fell to 42 percent. Sun International isn’t the first South African company to clash with Nigerian authorities. Telecoms group MTN got a record-breaking multi-billion dollar fine. Nigeria is already in recession and it’s going to last a long time, an economist predicts. This month, South Africa reclaimed from Nigeria the title of Africa’s biggest economy due to appreciation of the rand and devaluation of the naira.
Dana Sanchez, 9:51 am
South Africa’s 17 percent sales decline in new auto sales in July is the biggest since 2009 at the height of the global economic recession. “Despite the rand’s recent strength, what we’re experiencing now are the after effects of the currency’s weakness in months prior,” a stakeholder said. Despite the overall decline, certain classes of vehicles have seen sales increase. Toyota and Volkswagen dominate passenger car sales in Namibia. Ford and Isuzu are also strong.
Kevin Mwanza, 9:20 am
Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital raising as it seeks to spread its operations to ten countries across Africa by 2020. International Finance Corporation (IFC), a member of the World Bank Group, led the investment with $7.5 million while Omidyar Network doubled its investment in the second phase.
Kevin Mwanza, 8:40 am AFKI Original
The 31st edition of the Olympic Game ended on Sunday, August 21, in Rio de Janeiro, Brazil. They were the first Olympic Games to be held in Latin America. African teams had mixed fortunes of victorious, shameful and controversial moments in the three-week sporting bonanza. Below are 12 good and bad things that the continent’s representatives experienced at the games.
Staff, 1:25 am
India has seen a rise in incidents of racism by its citizens against foreign nationals, especially Africans, in recent times. As a country with the largest diaspora communities, India needs to be particularly worried by this development. The country is home to a significant migrant population, most of it from the neighbouring countries in South Asia. In 2010, there were 5.4 million foreign-born people in the country. The number of Africans in India is estimated to be about 40 000, of whom 25 000 are students.
Derek Dias, 7:00 pm
Being so immense, it stands to reason that Algeria has a lot to offer travellers. In fact, we could probably write a separate article for each topic, but for now you’ll have to be content with these 15 things you didn’t know about Africa’s largest country, Algeria.
Marinda Louw-Coetzee, 9:27 am
Reunion’s blend of Indian, Chinese, African and European cultures each contributes spices and herbs to create a unique Creole cuisine. The volcanic island also consists of micro-climates that are perfectly suited to grow sugar cane, tropical fruit and spices such as turmeric and vanilla. Here is a look at some of the fruit, spices and flowers of Reunion that make the island so vividly colorful.
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